Mark Kenkre, Partner and Head of the Investment Fraud and Mis-Selling Team, and Lesley-Ann Ainsworth, Senior Associate, explore the surge in group actions relating to crypto investments following a crash in the value of cryptoassets.
“With the recent crypto crash, we have seen a collapse in the value of cryptocurrencies. Despite digital currencies peaking in value at $3 trillion in November 2021, they have since lost an incredible $2 trillion in value, with Bitcoin now trading at less than a third of its record price. The cryptoasset crash is leading to a surge in litigation relating to crypto investments, both in the UK and internationally. In particular, we are seeing an increase in class actions relating to cryptoasset investments.”
This article was written by Mark Kenkre, Partner and Head of the Investment Fraud and Mis-Selling Team, and Lesley-Ann Ainsworth, Senior Associate at CORLA Founder Firm Keller Postman in August 2022. To read more and for links to similar articles, please see here.
Published on September 20, 2022 by CORLA